Enterprises has a levered beta of 1.10, its capital structure consists of 40% debt and 60% equity, and its tax rate is 40%.What would Ang's beta be if it used no debt, i.e., what is its unlevered beta?
A)0.64
B)0.67
C)0.71
D)0.75
E)0.79

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The Answer of Enterprises has a levered beta of 1.10, its capital structure consists of 40% debt and 60% equity, and its tax rate is 40%.What would Ang's beta be if it used no debt, i.e., what is its unlevered beta?
A)0.64
B)0.67
C)0.71
D)0.75
E)0.79

Enterprises Has a Levered Beta of 1